John Brash: Diversification has been a deliberate policy of GCC governments for some time. The drop in hydrocarbon revenues actually shows this to have been apt and robust. So while the doom-and-gloomers would have us think the region was forced to diversify, it is actually the opposite: a case of foresight being proven. The result is that the GCC has, in the main, been able to ride out the fall in oil prices with typical panache.
Rising standards and increasing competition are driving improvements in Dubai’s private education system while also generating stronger revenue streams and laying firmer foundations for sector growth.
Online shopping is expected to drive retail growth in Dubai in the coming years, though migration toward e-payment remains a stumbling block for some consumers.
A campaign to reduce congestion on Dubai’s roads and encourage greater use of public transport looks to be yielding results.
The medical industry in Dubai is set to receive a major boost from the country’s new five-year health care strategy.
With demand for leisure tourism on the rise, Dubai’s first major theme parks are expected to prove a significant draw when they open for business later this year.
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